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Blockchain Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Best Price Guarantee Length Publisher Published Date SKU
from $4,850 160 Pages Fortune Business Insights Pvt. Ltd. April, 2024 FOB18772800
Best Price Guarantee
Price from $4,850
Length 160 Pages
Publisher Fortune Business Insights Pvt. Ltd.
Published Date April, 2024
SKU FOB18772800

Blockchain Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032



Growth Factors of Blockchain Market


The blockchain market size was valued at USD 17.57 billion in 2023, and the market is now projected to grow from USD 27.84 billion in 2024 to USD 825.93 billion by 2032, exhibiting a CAGR of 52.8% during the forecast period of 2023-2030.

COVID- 19 pandemic has tremendously affected the complete world. It affected many unpredicted disturbance and affected the industry. The pandemic caused in declined demand due to a disturbed supply chain, drop in sales of products, delivery lists. Travel bans enforced affected business relationship and partnership. Demand had lately condensed due to travel bans and lockdown during the COVID-19 pandemic. The continuous loss in the business projected to directly impact the progress of the investments in the market.

The speedily growing digital setting is predictable to fuel the technology. Companies are adopting digital ledger technology to secure end users financial data and identity. Block chain is gaining traction as it has highest potential to transform ESG reporting & monitoring, streamline payments, provenance tracing, real time tracing, quality assurance & compliance.

The demand for cloud based for cloud based solutions to develop virtual work platforms has surged. As a result, there is increasing demand for advanced software through different industries to ensure job security. Technological improvements and innovation motivate unique proceeds augmenting opportunity which will upsurge the blockchain market growth.

Comprehensive Analysis of Blockchain Market

The blockchain market can be segmented in various ways, depending on the focus of analysis such as by type and by application. The application include digital identity, payments, smart contracts, supply chain management, Internet of things (Iot), and others. Based on the type includes public, private, hybris, and consortium.

Asia Pacific region is dominating the blockchain market share due to increasing technological investment. Trade in the market are focused on increasing their biological trails by providing tailored digital ledger facilities to customers globally.

The key players are enthusiastically contributing in planned events that are targeted at maintaining durable market position and growing market share by merger, partnerships and others. These players include Accenture PLC (Ireland), Amazon Web Series, inc (U.S.), Wipro Limited (India), IBM Corporation (U.S.), Intel Corporation (U.S.), LeewayHeartz(U.S.), Microsoft Corporation (U.S.), Oracle Corporation (U.S.), R3 (U.S.), Tata Consultancy Services Limited (India) these market players spending severely on research and development in order to arise with more new technology so that they can maintain and improve their existing market.

In April 2023, Ava Labs, the originator of the Avalanche blockchain platform presented new institutional deployments to develop and augment the blockchain technology environment.

Segmentation Table

Attribute Details

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Unit Value (USD billion)

Growth Rate CAGR of 52.8% from 2024 to 2032

Segmentation By Component

Platform/Solution

Blockchain as a Service (BaaS)

By Type

Public

Private

Hybrid

Consortium

By Application

Digital Identity

Payments

Smart Contracts

Supply Chain Management

Internet of Things

Others

By Deployment

Proof of Concept

Pilot

Production

By Industry

BFSI

Energy & Utilities

Government

Healthcare and Life Sciences

Manufacturing

Telecom, Media & Entertainment

Retail & Consumer Goods

Travel and Transportation

Others

By Region

North America (By Component, By Type, By Deployment, By Application, By Industry, By Country)

-U.S. (By Industry)

-Canada (By Industry)

Europe (By Component, By Type, By Deployment, By Application, By Industry, By Country)

-U.K. (By Industry)

-Germany (By Industry)

-France (By Industry)

-Scandinavia (By Industry)

-Rest of Europe

Asia Pacific (By Component, By Type, By Deployment, By Application, By Industry, By Country)

-China (By Industry)

-Japan (By Industry)

-India (By Industry)

-Southeast Asia (By Industry)

-South Korea (By Industry)

-Rest of Asia Pacific

Middle East & Africa (By Component, By Type, By Deployment, By Application, By Industry, By Country)

-GCC (By Industry)

-South Africa (By Industry)

-Rest of Middle East & Africa

Latin America (By Component, By Type, By Deployment, By Application, By Industry, By Country)

-Brazil (By Industry)

-Mexico (By Industry)

-Rest of Latin America


1. Introduction
1.1. Definition, By Segment
1.2. Research Methodology/Approach
1.3. Data Sources
2. Executive Summary
3. Market Dynamics
3.1. Macro and Micro Economic Indicators
3.2. Drivers, Restraints, Opportunities and Trends
4. Competition Landscape
4.1. Business Strategies Adopted by Key Players
4.2. Consolidated SWOT Analysis of Key Players
4.3. Global Blockchain Technology Key Players Market Share Insights and Analysis, 2023
5. Global Blockchain Technology Market Size Estimates and Forecasts, By Segments, 2019-2032
5.1. Key Findings
5.2. By Component (USD)
5.2.1. Platform/Solution
5.2.2. Blockchain as a Service (BaaS)
5.3. By Type (USD)
5.3.1. Public
5.3.2. Private
5.3.3. Hybrid
5.3.4. Consortium
5.4. By Application (USD)
5.4.1. Digital Identity
5.4.2. Payments
5.4.3. Smart Contracts
5.4.4. Supply Chain Management
5.4.5. Internet of Things
5.4.6. Others
5.5. By Deployment (USD)
5.5.1. Proof of Concept
5.5.2. Pilot
5.5.3. Production
5.6. By Industry (USD)
5.6.1. BFSI
5.6.2. Energy & Utilities
5.6.3. Government
5.6.4. Healthcare and Life Sciences
5.6.5. Manufacturing
5.6.6. Telecom, Media & Entertainment
5.6.7. Retail & Consumer Goods
5.6.8. Travel and Transportation
5.6.9. Others (Education, etc.)
5.7. By Region (USD)
5.7.1. North America
5.7.2. Europe
5.7.3. Asia Pacific
5.7.4. Middle East & Africa
5.7.5. Latin America
6. North America Blockchain Technology Market Size Estimates and Forecasts, By Segments, 2019-2032
6.1. Key Findings
6.2. By Component (USD)
6.2.1. Platform/Solution
6.2.2. Blockchain as a Service (BaaS)
6.3. By Type (USD)
6.3.1. Public
6.3.2. Private
6.3.3. Hybrid
6.3.4. Consortium
6.4. By Application (USD)
6.4.1. Digital Identity
6.4.2. Payments
6.4.3. Smart Contracts
6.4.4. Supply Chain Management
6.4.5. Internet of Things
6.4.6. Others
6.5. By Deployment (USD)
6.5.1. Proof of Concept
6.5.2. Pilot
6.5.3. Production
6.6. By Industry (USD)
6.6.1. BFSI
6.6.2. Energy & Utilities
6.6.3. Government
6.6.4. Healthcare and Life Sciences
6.6.5. Manufacturing
6.6.6. Telecom, Media & Entertainment
6.6.7. Retail & Consumer Goods
6.6.8. Travel and Transportation
6.6.9. Others (Education, etc.)
6.7. By Country (USD)
6.7.1. United States
6.7.1.1. By Industry
6.7.2. Canada
6.7.2.1. By Industry
7. Europe Blockchain Technology Market Size Estimates and Forecasts, By Segments, 2019-2032
7.1. By Component (USD)
7.1.1. Platform/Solution
7.1.2. Blockchain as a Service (BaaS)
7.2. By Type (USD)
7.2.1. Public
7.2.2. Private
7.2.3. Hybrid
7.2.4. Consortium
7.3. By Application (USD)
7.3.1. Digital Identity
7.3.2. Payments
7.3.3. Smart Contracts
7.3.4. Supply Chain Management
7.3.5. Internet of Things
7.3.6. Others
7.4. By Deployment (USD)
7.4.1. Proof of Concept
7.4.2. Pilot
7.4.3. Production
7.5. By Industry (USD)
7.5.1. BFSI
7.5.2. Energy & Utilities
7.5.3. Government
7.5.4. Healthcare and Life Sciences
7.5.5. Manufacturing
7.5.6. Telecom, Media & Entertainment
7.5.7. Retail & Consumer Goods
7.5.8. Travel and Transportation
7.5.9. Others (Education, etc.)
7.6. By Country (USD)
7.6.1. United Kingdom
7.6.1.1. By Industry
7.6.2. Germany
7.6.2.1. By Industry
7.6.3. France
7.6.3.1. By Industry
7.6.4. Scandinavia
7.6.4.1. By Industry
7.6.5. Rest of Europe
8. Asia Pacific Blockchain Technology Market Size Estimates and Forecasts, By Segments, 2019-2032
8.1. By Component (USD)
8.1.1. Platform/Solution
8.1.2. Blockchain as a Service (BaaS)
8.2. By Type (USD)
8.2.1. Public
8.2.2. Private
8.2.3. Hybrid
8.2.4. Consortium
8.3. By Application (USD)
8.3.1. Digital Identity
8.3.2. Payments
8.3.3. Smart Contracts
8.3.4. Supply Chain Management
8.3.5. Internet of Things
8.3.6. Others
8.4. By Deployment (USD)
8.4.1. Proof of Concept
8.4.2. Pilot
8.4.3. Production
8.5. By Industry (USD)
8.5.1. BFSI
8.5.2. Energy & Utilities
8.5.3. Government
8.5.4. Healthcare and Life Sciences
8.5.5. Manufacturing
8.5.6. Telecom, Media & Entertainment
8.5.7. Retail & Consumer Goods
8.5.8. Travel and Transportation
8.5.9. Others (Education, etc.)
8.6. By Country (USD)
8.6.1. China
8.6.1.1. By Industry
8.6.2. Japan
8.6.2.1. By Industry
8.6.3. India
8.6.3.1. By Industry
8.6.4. Southeast Asia
8.6.4.1. By Industry
8.6.5. South Korea
8.6.5.1. By Industry
8.6.6. Rest of Asia Pacific
9. Middle East & Africa Blockchain Technology Market Size Estimates and Forecasts, By Segments, 2019-2032
9.1. By Component (USD)
9.1.1. Platform/Solution
9.1.2. Blockchain as a Service (BaaS)
9.2. By Type (USD)
9.2.1. Public
9.2.2. Private
9.2.3. Hybrid
9.2.4. Consortium
9.3. By Application (USD)
9.3.1. Digital Identity
9.3.2. Payments
9.3.3. Smart Contracts
9.3.4. Supply Chain Management
9.3.5. Internet of Things
9.3.6. Others
9.4. By Deployment (USD)
9.4.1. Proof of Concept
9.4.2. Pilot
9.4.3. Production
9.5. By Industry (USD)
9.5.1. BFSI
9.5.2. Energy & Utilities
9.5.3. Government
9.5.4. Healthcare and Life Sciences
9.5.5. Manufacturing
9.5.6. Telecom, Media & Entertainment
9.5.7. Retail & Consumer Goods
9.5.8. Travel and Transportation
9.5.9. Others (Education, etc.)
9.6. By Country (USD)
9.6.1. GCC
9.6.1.1. By Industry
9.6.2. South Africa
9.6.2.1. By Industry
9.6.3. Rest of MEA
10. Latin America Blockchain Technology Market Size Estimates and Forecasts, By Segments, 2019-2032
10.1. Key Findings
10.2. By Component (USD)
10.2.1. Platform/Solution
10.2.2. Blockchain as a Service (BaaS)
10.3. By Type (USD)
10.3.1. Public
10.3.2. Private
10.3.3. Hybrid
10.3.4. Consortium
10.4. By Application (USD)
10.4.1. Digital Identity
10.4.2. Payments
10.4.3. Smart Contracts
10.4.4. Supply Chain Management
10.4.5. Internet of Things
10.4.6. Others
10.5. By Deployment (USD)
10.5.1. Proof of Concept
10.5.2. Pilot
10.5.3. Production
10.6. By Industry (USD)
10.6.1. BFSI
10.6.2. Energy & Utilities
10.6.3. Government
10.6.4. Healthcare and Life Sciences
10.6.5. Manufacturing
10.6.6. Telecom, Media & Entertainment
10.6.7. Retail & Consumer Goods
10.6.8. Travel and Transportation
10.6.9. Others (Education, etc.)
10.7. By Country (USD)
10.7.1. Brazil
10.7.1.1. By Industry
10.7.2. Mexico
10.7.2.1. By Industry
10.7.3. Rest of Latin America
11. Company Profiles for Top 10 Players (Based on data availability in public domain and/or on paid databases)
11.1. Accenture PLC
11.1.1. Overview
11.1.1.1. Key Management
11.1.1.2. Headquarters
11.1.1.3. Offerings/Business Segments
11.1.2. Key Details (Key details are consolidated data and not product/service specific)
11.1.2.1. Employee Size
11.1.2.2. Past and Current Revenue
11.1.2.3. Geographical Share
11.1.2.4. Business Segment Share
11.1.2.5. Recent Developments
11.2. Amazon Web Services, Inc.
11.2.1. Overview
11.2.1.1. Key Management
11.2.1.2. Headquarters
11.2.1.3. Offerings/Business Segments
11.2.2. Key Details (Key details are consolidated data and not product/service specific)
11.2.2.1. Employee Size
11.2.2.2. Past and Current Revenue
11.2.2.3. Geographical Share
11.2.2.4. Business Segment Share
11.2.2.5. Recent Developments
11.3. Wipro Limited
11.3.1. Overview
11.3.1.1. Key Management
11.3.1.2. Headquarters
11.3.1.3. Offerings/Business Segments
11.3.2. Key Details (Key details are consolidated data and not product/service specific)
11.3.2.1. Employee Size
11.3.2.2. Past and Current Revenue
11.3.2.3. Geographical Share
11.3.2.4. Business Segment Share
11.3.2.5. Recent Developments
11.4. IBM Corporation
11.4.1. Overview
11.4.1.1. Key Management
11.4.1.2. Headquarters
11.4.1.3. Offerings/Business Segments
11.4.2. Key Details (Key details are consolidated data and not product/service specific)
11.4.2.1. Employee Size
11.4.2.2. Past and Current Revenue
11.4.2.3. Geographical Share
11.4.2.4. Business Segment Share
11.4.2.5. Recent Developments
11.5. Intel Corporation
11.5.1. Overview
11.5.1.1. Key Management
11.5.1.2. Headquarters
11.5.1.3. Offerings/Business Segments
11.5.2. Key Details (Key details are consolidated data and not product/service specific)
11.5.2.1. Employee Size
11.5.2.2. Past and Current Revenue
11.5.2.3. Geographical Share
11.5.2.4. Business Segment Share
11.5.2.5. Recent Developments
11.6. LeewayHeartz
11.6.1. Overview
11.6.1.1. Key Management
11.6.1.2. Headquarters
11.6.1.3. Offerings/Business Segments
11.6.2. Key Details (Key details are consolidated data and not product/service specific)
11.6.2.1. Employee Size
11.6.2.2. Past and Current Revenue
11.6.2.3. Geographical Share
11.6.2.4. Business Segment Share
11.6.2.5. Recent Developments
11.7. Microsoft Corporation
11.7.1. Overview
11.7.1.1. Key Management
11.7.1.2. Headquarters
11.7.1.3. Offerings/Business Segments
11.7.2. Key Details (Key details are consolidated data and not product/service specific)
11.7.2.1. Employee Size
11.7.2.2. Past and Current Revenue
11.7.2.3. Geographical Share
11.7.2.4. Business Segment Share
11.7.2.5. Recent Developments
11.8. Oracle Corporation
11.8.1. Overview
11.8.1.1. Key Management
11.8.1.2. Headquarters
11.8.1.3. Offerings/Business Segments
11.8.2. Key Details (Key details are consolidated data and not product/service specific)
11.8.2.1. Employee Size
11.8.2.2. Past and Current Revenue
11.8.2.3. Geographical Share
11.8.2.4. Business Segment Share
11.8.2.5. Recent Developments
11.9. R3
11.9.1. Overview
11.9.1.1. Key Management
11.9.1.2. Headquarters
11.9.1.3. Offerings/Business Segments
11.9.2. Key Details (Key details are consolidated data and not product/service specific)
11.9.2.1. Employee Size
11.9.2.2. Past and Current Revenue
11.9.2.3. Geographical Share
11.9.2.4. Business Segment Share
11.9.2.5. Recent Developments
11.10. Tata Consultancy Services Limited n
11.10.1. Overview
11.10.1.1. Key Management
11.10.1.2. Headquarters
11.10.1.3. Offerings/Business Segments
11.10.2. Key Details (Key details are consolidated data and not product/service specific)
11.10.2.1. Employee Size
11.10.2.2. Past and Current Revenue
11.10.2.3. Geographical Share
11.10.2.4. Business Segment Share
11.10.2.5. Recent Developments

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